Latest data released by Eurostat - 27 September 2018
- Economic confidence 110.9 vs 111.2 expected
- Business climate indicator 1.21 vs 1.19 expected
- Industrial confidence 4.7 vs 5.1 expected
- Services confidence 14.6 vs 14.8 expected
Of note from the report here, economic confidence continues to wane as it falls from 111.6 in August to 110.9 this month. That's the lowest reading since June 2017. Although still holding at relatively elevated levels, it continues to show that sentiment isn't particularly favourable with questions being raised over Germany and the budget situation in Italy.
The positive takeaway from the report is that inflation expectations continue to improve rising from 18.2 in August to 20.1 in September. Not going to do much to change things on the day though.
